Consists of copies of letters sent and received, letters received, memoranda, bulletins, financial data, booklets and newsletters.
Pertains to departmental proposals, Department of Finance criticisms, Federal Home Loan Mortgage Corporation, National League
of Savings and Loan Associations, California Savings and Loan League, and Federal Home Loan Bank Board records pertaining
mainly to the Housing Opportunity Allowance Program. Contains one file each for the California Savings and Loan League and
the Federal Home Loan Bank Board dated 1946-50. Includes records relating to PAR, Policy Analysis and Review, a method of
examination introduced in 1968 which emphasizes the analyses of management policies and procedures; Pacific Coast Building-Loan
Association liquidation problems; and bill analyses for 1969-1971 concerning issues which affected the savings and loan industry
(arranged by bill number, by session). Other topics are conservators, federal associations and truth-in-lending.

Commissioner Sadler and staff members correspond with private citizens, attorneys and representatives of private companies
and organizations. Correspondence includes copies of letters sent and letters received. Routine correspondence contains requests
for information and materials relating to market research information, departmental publications, listings of savings and
loan associations, employment with the department, accrual accounting, advertising and potential investments.

Comprised mainly of inter-office memoranda, but includes letters received and working notes of Commissioner Sadler communicating
instructions to staff personnel; for example, Assistant Commissioner Harrison is directed to review certain aspects of the
savings and loan reporting process. In turn, Sadler receives reports from underlings regarding items such as the Annual Report
and functions of the Legal Section. Topics include unlicensed savings and loan associations; amendment of holding company
regulations; life expectancy of certain savings and loan associations; long range strategic problems of the savings and loan
industry (September 12, 1966); withdrawal credit; narrative and statistical information regarding problem associations, proposed
mergers, etc. Some subjects are dealt with by means of a brief cover letter which refers to attachments not generally found
in these records. One file concerns a firm barred from auditing state regulated associations in California and is entitled
Touche, Ross, Bailey and Smart-Special Investigation; correspondence contained in the file relates to questionable practices
of the firm, a subsequent investigation and subjects such as proper accounting procedures.

Contains inter-office memoranda. Departmental policies discussed relate to subjects such as 30 day delinquencies, restrictions
on lending and investing practices of certain California state licensed savings and loan associations, irregular practices
revolving around Mendocino-Lake Savings and Loan Association, Mendocino Financial Corporation and Henry Kersting, a shareholder
in the Mendocino corporation; sale of loans with recourse and minimum term savings plans. Other subjects are routine and pertain
to procedures for making joint examination reports and briefings for new commissioners and chief deputies. Also contains copies
of Examination Section quarterly reports.

F3739:91

Series 8
Senior Counsel - Perlis, Saul. Inter-Office Memoranda.1966

Physical Description:
1 file folder

Arrangement

Arranged chronologically by memoranda date.

Scope and Content Note

Contains inter-office memoranda. Proposed revisions of the Financial Administrative and Legal Codes are discussed along with
specific changes relating to branch licensing, service corporations, loan agents, etc. Other subjects include permanent and
non-withdrawable capital; promissory note escalation clauses; oil reserves as legal security; and routine administrative matters
such as staff reassignments within the legal section, monthly time reports for staff attorneys etc.

Comprised of inter-office memoranda. Limited memoranda deals with steps taken prior to field examinations and proposed changes
in regulations regarding slow loans and scheduled items. Also contains list of associations whose lending areas extend beyond
the normal lending area of 50 or 100 miles and pertains to routine administrative matters such as employee discipline and
staff reassignments.

Contains limited and routine inter-office memoranda in which Rose's responsibilities for advising management regarding economic
and financial trends and directing major financial analyses for the department are discussed. Examples of Rose's duties which
are mentioned include evaluating the Arizona Bank and reporting discrepancies concerning the Trans-Coast Investment Company
Annual Report.

F3739:94-101

Series 11
Records Relating to Liquidating Corporations and Conversions with Segregated Assets1938-1941

Physical Description:
8 file folders

Arrangement

Arranged in the following order: Summary file of California conversions with subsequent segregation; other files are arranged
alphabetically thereafter by name of liquidating corporation.

Scope and Content Note

A few associations were unable to pay 100 cents on the dollar when converting to federal associations. Conversion in these
cases was made possible by segregating assets and by legally authorizing liquidating corporations to receive and administer
the ineligible segregated assets. Individual corporations were formed to liquidate a specific savings and loan association:
for example, the German American Liquidating Company was formed to assist in the liquidation of the German American Building-Loan
Association. The aforementioned summary file comprises: a brief account of the necessity for the liquidation process, along
with a resume setting forth the basis of conversion in each instance where segregation was required; memoranda and tables
summarizing the progress of conversion in terms of acquired amounts of assets, etc., for individual liquidating corporations.
Other files consist of records relating to the following liquidation corporations: Central Liquidating Company, Century Liquidating
Company, German American Liquidating Company, Insurance Plan Liquidating Corporation, Mutual Properties Company, Pomona Properties,
Inc., and Realty Holding Company. A typical file contains mainly two items: Data requested by Building and Loan Commissioner
consists of discussion and tables pertaining to conversion, subsequent segregation and mergers of respective associations.
Schedules are also attached relative to liquidating participation certificates. The second major item is a Report of Examination
and Audit for each liquidating company made for the FHLBB: the report includes exhibits and schedules pertaining to categories
and items such as the Statement of Condition, Statement of Operation, Real Estate Owned and Borrowed Money.

F3739:102-103

Series 12
Special Appraisals1964-1965

Physical Description:
2 file folders

Arrangement

Arranged chronologically by document date.

Scope and Content Note

The Department of Savings and Loan reappraises (or administers test appraisals) selected loans made by various savings and
loan associations and issues its conclusions in report form. Records contained herein were apparently gathered as a preparatory
step prior to the issuance of these reports. The series contains working notes, memoranda, standard working forms used for
appraisal of individual loans, and maps identifying locations of various properties on which loans have been made. Day-to-day
steps involved in production of final appraisals are discussed in topics such as market values, improved land, land value,
appraised value, off site improvements, easements, deeds, single family dwelling and mortgages.

F3739:104-182

Series 13
Correspondence1931-19401947-1961

Physical Description:
79 file folders

Arrangement

Arranged by chronological time period, alphabetically thereunder by name of savings and loan association, and chronologically
thereunder.

Scope and Content Note

Correspondents are Savings and Loan Department officials, officers of savings and loan associations and private citizens.
Contains copies of letters sent, letters received, inter-office memoranda, excerpts from minutes, tables, telegrams and brochures.
Correspondence for the 1932-1940 period provides significant information regarding difficulties experienced by the savings
and loan industry during the financially troubled period of the 1930's and relating to topics such as the inability of associations
to meet limited withdrawal demands by investors; restrictive legislation providing that no association could issue investment
certificates with a definite rate of return; foreclosure on real estate producing insufficient incomes; and finally, savings
and loan association warnings to investors to be wary of selling certificates at discount rates. Social commentary relating
to personal hardships of the period is found in the correspondence of private citizens who complain to the Building and Loan
Commissioner regarding limited withdrawals and related financial difficulties. Most complaints come from the elderly, ill
and unemployed: one complaint is registered by a man who was discharged from the Works Progress Administration because his
investment in a building and loan association was approximately $1100 and he was therefore expected to live on withdrawals
from his account. Correspondence from this period also relates to the conversion of building and loan associations from state
charters to federal charters and pertains to technicalities of the actual conversion process such as liquidation, segregation
of assets, transfer of assets, and inquiries from private citizens asking about the status and availability of their funds
in converted associations.

Correspondence from the 1951-1961 period pertains mainly to various reports: Report of Examination, Report of Joint Examination,
Report of Appraisal, Statement of Condition, Audit Report and Monthly Report. In related correspondence these reports are
evaluated according to regulations governing areas such as net liquidity, excess investments and loans, the ratio of delinquent
loans to total loans, appraisal values, etc. Correspondence in this latter group also contains inquiries regarding the status
of liquidated associations. Thus, even though Prudential Building and Loan association was liquidated in 1944, correspondence
relating to the organization appears in this group by virtue of inquiries made in the 1960s.

Correspondence from all three correspondence periods generally reflects ongoing functions such as circumstances requiring
the commissioner's approval relative to the sale of capital stock, the formal approval of public accountants to audit books
and accounts, changing locations of association offices, the sale of loans, etc. Other ongoing subjects pertain to association
inquiries regarding procedures for changing the name of an association; the advisability of becoming federally insured; interpretation
and applicability of certain sections of the Savings and Loan Association Act, etc. Standard forms contained in the series
list information for individual associations pertaining to current assets, current liabilities, and withdrawal notices on
files; other standard forms list officers, directors and branch offices.

F3739:183-225

Series 14
General Records1922-1955

Physical Description:
43 file folders

Arrangement

Arranged alphabetically by association name.

Scope and Content Note

General Records contain files for Burbank Savings and Loan Association, Mutual Building and Loan Association of Fullerton,
Pasadena Savings and Loan Association, San Joaquin First Federal Savings and Loan Association and Savings and Loan Association
of Anaheim. Records for each association contain general correspondence, subject files and general records; arrangement is
chronological or alphabetical thereunder.

General correspondence files in this series pertain to hearings for licenses to operate new branches; the commissioner's approval
of public accountants to audit books and accounts; sale of loans, dissolution; legal and technical problems relating to granting
of loans, etc.; also includes standard forms containing organizational data. Subject files for each association isolate specific
topics such as Permits (to sale capital stock and loans) Reorganization, By-laws, Mergers, New branches and Complaints.

The San Joaquin First Federal Savings and Loan Association was named the Mercantile Building and Loan Association from its
inception until 1936. It was reorganized in 1936 and named the San Joaquin Building and Loan Association and assumed its current
name after reorganizing in 1956. Records concerning the association are the most extensive in this series (25 file folders)
and highlight internal organization and Depression-related problems encountered during the early 1930s. Efforts to correct
the affairs of the association are found in subjects dealing with: the closing of branches and transfer of assets to other
branches; reduction of operating expenses; formation of a committee to put the association on a paying basis; purchase of
stock; exchange of investment certificates for real estate and problems resulting from large amounts of real estate being
dumped on the market; campaigns aimed at gaining cooperation of customers in relinquishing claims to partial deposits, accepting
certificates in place of cash balances, etc.; the governor's efforts to solve management problems; Savings and Loan Department
letters to customers urging them to retain certificates instead of selling them for current cash prices, informing them of
provisions of the Building and Loan Emergency bill; and complaints from private citizens. One file entitled L.A. Branch deals
with involvement of Los Angeles branch officers and directors in the use of deposits for private speculation through the use
of dummy names.

F3739:226-263

Series 15
Hearing Transcripts1950-1963

Physical Description:
38 file folders

Arrangement

Arranged alphabetically by first name of savings and loan association that appears on bound volumes of hearing transcripts.

Scope and Content Note

Transcripts relate to changes of location for savings and loan association branch offices, licenses, Articles of Incorporation
and name changes for new branches.

See Appendix A for an alphabetical list of all associations with geographical locations and hearing dates.

F3739:264-376

Series 16
Report of Examination1937-1966

Physical Description:
4 cubic feet

Arrangement

Arranged by chronological time period; alphabetically thereunder by name of savings and loan association.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

At the direction of the commissioner, annual examinations were conducted with regard to individual savings and loan associations.
Examples of the final Report of Examination are contained herein and pertain to the history of the association; descriptions
of cash holdings, Federal Home Loan Bank stock, loan data, secured advances to borrowers, contracts of sale on real estate,
real estate owned by the association, advances from the Federal Home Loan Bank, investment certificates, operations, etc.
Attached tables include Statement of Financial Condition, Comparative Statement of Income and Expense, Analysis of Loss Reserve
and Analysis of Undivided Profits. Two year samples were taken for the 1945-1966 period.

See Appendix B for an alphabetical listing of respective associations or holding company names, geographic locations and report
dates.

F3739:377-402

Series 17
Reports of Joint Examination1957-1963

Physical Description:
26 file folders

Arrangement

Arranged alphabetically by name of savings and loan association.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

Started in 1959, the joint examination program is conducted by both the Department of Savings and Loan and the Federal Home
Loan Bank Board. The Joint Examination reports contain narrative accounts, schedules and tables pertaining to office and management;
percentage summaries in the areas of slow assets, indicated losses, mortgage interest rates, operating ratios; Statement of
Condition; reconcilement of Undivided Profits; Statement of Reserves; loans delinquent in interest three months or more; real
estate owned; schedules concerning investments and personnel; current lending analyses; narrative accounts of history and
control; analyses of the association's problems, etc.

See Appendix C for an alphabetical listing of associations.

F3739:403-412

Series 18
Reports of Examination - Holding Company1965-1967

Physical Description:
10 file folders

Arrangement

Arranged alphabetically by name of holding company.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

The California Savings and Loan Company Act (Stats. 1964, First Ex. Sess., Ch. 103) was the first state legislation of its
kind in the United States. The act empowered the Savings and Loan Department to obtain detailed disclosure of financial condition,
ownership, management and intercompany linkage of holding companies and their subsidiaries. Narrative and tables pertain to
disclosures of this nature in specific categories and topics such as history and control, operations, loans receivable, investment
in stock of subsidiaries, notes payable and accrued interest payable. Attached exhibits include Comparative Statement of Financial
Condition and Comparative Statement of Income and Expenses for 1964-1966, personnel data, etc.

See Appendix D for an alphabetical listing of holding companies.

F3739:413-415

Series 19
Reports of Pre-Licensing Examination1963-1964

Physical Description:
3 file folders

Arrangement

Arranged alphabetically by name of savings and loan association.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

Prior to obtaining an annual license necessary to transaction of business from the commissioner, each association underwent
a pre-licensing examination by the department. Pre-licensing examination reports, copies of letters sent, and working notes
are contained herein and relate to this function. Actual reports contain narrative and tables relating to history and control,
directors, personnel, location and office lease-hold, investment certificates, organization fund, personnel with salaries
and bond, and guarantee stockholders.

Contains computer print-out tables pertaining to the following categories of information: savings and loan association law
limitations; Executive Committee report relating to total assets, specified assets, total scheduled items, percent of specified
assets, permanent capital, total capital and total savings; consolidated balance sheet of all state licensed associations;
distribution by economic area of state association assets; summary of operating income and expense averages of state associations
by asset groups; ratios of slow loans and scheduled items by county; selected ratios; state association arithmetic averages;
total capital and related ratios; association liability detail, etc. The arrangement and selection of tables for each quarter
is not always the same.

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

Early warning reports, in computer print-out form, are compiled by the department as a means of identifying changes with regard
to individual savings and loan associations in areas such as net worth, financial stability and amount of investments by foreign
(out-of-state) investors. For northern and southern associations, data and ratios in categories relating to risk assets, out-of-state
savings, slow loans, total expense, total savings, net worth, scheduled items, etc., are analyzed according to financial ranking,
accumulated funds and historical performance.

In the last section, class category, the information is the same but analyses are made on the basis of asset categories -
i.e. category 01, range under 10 million; category 02, range 10 million to 25 million, etc. Category 09 is the final category
and represents a group total.

F3739:425-450

Series 23
Report to Commissioner1930-1946

Physical Description:
26 file folders

Arrangement

Arranged alphabetically by name of savings and loan association.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

Reports contain information relating to assets; liabilities; profit and loss; data regarding management; supplementary information
relating to incorporation date, amount of authorized capital, etc.; statistical information regarding rates of interest and
dividends; number of members and loans, etc. Associations whose reports were not sampled include: California Mutual Building
and Loan Association, 1905-1932; German American Building - Loan Association, LA (Los Angeles) branch, 1931-1935, SF (San
Francisco) branch, 1930-1936; Granite Mutual Building and Loan Association, 1906-1907; and Pacific States Savings and Loan
Company, 1923-1946. For the most part, this series contains five year samples.

See Appendix E for an alphabetical listing of associations.

F3739:451-452

Series 24
Report of Supplementary Information to The Building And Loan Commissioner19511955

Physical Description:
2 oversize volumes

Arrangement

Arranged chronologically by report date.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

Relates to management, rates of interest, dividends; number of members and loans; unpaid withdrawal notices of file; and historical
data. During the 1930s and 1940s most of this information was incorporated in the Report to the Commissioner. (For oversize
items in this series, see Box 20).

F3739:453-460

Series 25
Quarterly Reports1964, 1967-1968

Physical Description:
8 oversize bound volumes

Arrangement

Arranged chronologically by quarterly report date and volume designation, northern association or southern association; alphabetically
thereunder by name of savings and loan association.

Access Information

This series is RESTRICTED, pursuant to Government Code section 6254(d)(2), however records older than 75 years are open for
research.

Scope and Content Note

The nature of quarterly reports was changed in 1965 when associations began submitting required information to the Savings
and Loan Department which in turn produced the information in computer print-out form for public display. Information contained
herein pertains to and includes: Statement of Condition and Operations; analysis of delinquent loans; loan summaries; and
a report of supplementary information which relates to status of potential and actual real estate owned, association investments
in unimproved land and improved land, report of new real estate loans made, etc. For oversize items in this series, see Box
20.